DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Jun. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

The following table summarizes Net earnings/(loss) from discontinued operations and reconciles to the Consolidated Statements of Earnings:

Years ended June 30	2016		2015			2014
Beauty Brands	$	336	$	643		$	660
Batteries	241		(1,835		)	389
Pet Care	—		49			78
Net earnings/(loss) from discontinued operations	$	577	$	(1,143	)	$	1,127

The following table summarizes total assets and liabilities held for sale and reconciles to the Consolidated Balance Sheets:

Years ended June 30	2016		2015
	Beauty Brands		Beauty Brands		Batteries		Total
Current assets held for sale	$	7,185	$	922	$	3,510	$	4,432
Noncurrent assets held for sale	—		5,204		—		5,204
Total assets held for sale	$	7,185	$	6,126	$	3,510	$	9,636
Current liabilities held for sale	$	2,343	$	356	$	1,187	$	1,543
Noncurrent liabilities held for sale	—		717		—		717
Total liabilities held for sale	$	2,343	$	1,073	$	1,187	$	2,260

Discontinued Operations and Disposal Groups - Beauty Brands [Table Text Block]

The following is selected financial information included in Net earnings/(loss) from discontinued operations for the Beauty Brands:

	Beauty Brands
Years ended June 30	2016		2015		2014
Net sales	$	4,910	$	5,530	$	6,109
Cost of products sold	1,621		1,820		1,980
Selling, general and administrative expense	2,763		2,969		3,299
Intangible asset impairment charges	48		—		—
Interest expense	32		—		1
Interest income	2		2		2
Other non-operating income/(loss), net	9		91		(3		)
Earnings from discontinued operations before income taxes	$	457	$	834	$	828
Income taxes on discontinued operations	121		191		168
Net earnings/(loss) from discontinued operations	$	336	$	643	$	660

Included in Net earnings/(loss) from discontinued operations is $112 of transition costs that were incurred for the fiscal year ended June 30, 2016.

The following is selected financial information included in cash flows from discontinued operations for the Beauty Brands:

	Beauty Brands
Years ended June 30	2016		2015		2014
NON-CASH OPERATING ITEMS
Depreciation and amortization	$	106	$	125	$	127
Gain on sale of businesses	8		86		—
Goodwill and intangible asset impairment charges	48		—		—
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	$	114	$	106	$	108

The major components of assets and liabilities of the Beauty Brands held for sale are provided below. The assets and liabilities held for sale will evolve up to the closing date for normal operational changes as well as contractual adjustments including the assumption of debt, pension plan funding and other provisions.

	Beauty Brands
Years ended June 30	2016 (1)			2015
Cash	$	40		$	9
Restricted cash	996		(2)	—
Accounts receivable	384			293
Inventories	494			476
Prepaid expenses and other current assets	126			144
Property, plant and equipment, net	629			613		(3)
Goodwill and intangible assets, net	4,411			4,513		(3)
Other noncurrent assets	105			78		(3)
Total current assets held for sale	$	7,185		$	922
Total noncurrent assets held for sale	—			5,204
Total assets held for sale	$	7,185		$	6,126
Accounts payable	$	148		$	118
Accrued and other liabilities	384			238
Noncurrent deferred tax liabilities	370			352		(3)
Long-term debt	996		(2)	—
Other noncurrent liabilities	445			365		(3)
Total current liabilities held for sale	$	2,343		$	356
Total noncurrent liabilities held for sale	—			717
Total liabilities held for sale	$	2,343		$	1,073

⁽¹⁾  The Company expects the Beauty Brands transaction to close in October 2016. Therefore, for the period ended June 30, 2016, all assets and liabilities held for sale are reported as current assets and liabilities held for sale on the Consolidated Balance Sheets.

⁽²⁾  On January 26, 2016, Beauty Brands drew on its Term B loan of $1.0 billion. The proceeds will be held in restricted cash in escrow until the anticipated legal integration activities prior to close. Beauty Brands has received additional debt funding commitments with a consortium of lenders of $3.5 billion.

⁽³⁾  Amounts as of June 30, 2015, are reflected as part of the noncurrent assets and liabilities held for sale.

Disposal Groups, Including Discontinued Operations - Batteries and Pet Care [Table Text Block]

Following is selected financial information included in Net earnings/(loss) from discontinued operations for the Batteries and Pet Care businesses:

		Net Sales		Earnings Before Impairment Charges and Income Taxes		Impairment Charges			Income Tax (Expense)/Benefit			Gain/(Loss) on Sale Before Income Taxes			Income Tax (Expense)/Benefit on Sale				Net Earnings/(Loss) from Discontinued Operations
Batteries	2016	$	1,517	$	266	$	(402	)	$	(45	)	$	(288	)	$	710		(1)	$	241
	2015	2,226		479		(2,174		)	(140		)	—			—				(1,835		)
	2014	2,552		548		—			(159		)	—			—				389
Pet Care	2016	—		—		—			—			—			—				—
	2015	251		—		—			(4		)	195			(142		)		49
	2014	1,475		130		—			(52		)	—			—				78
Total	2016	$	1,517	$	266	$	(402	)	$	(45	)	$	(288	)	$	710		(1)	$	241
	2015	2,477		479		(2,174		)	(144		)	195			(142		)		(1,786		)
	2014	4,027		678		—			(211		)	—			—				467

⁽¹⁾  The income tax benefit of the Batteries divestiture primarily represents the reversal of underlying deferred tax balances.

The major components of assets and liabilities of the Batteries business held for sale were as follows:

	Batteries
Year ended June 30	2015
Cash	$	25
Accounts receivable	245
Inventories	304
Prepaid expenses and other current assets	28
Property, plant and equipment, net	496
Goodwill and intangible assets, net	2,389
Other noncurrent assets	23
Total assets held for sale	$	3,510
Accounts payable	$	195
Accrued and other liabilities	194
Long-term debt	18
Noncurrent deferred tax liabilities	780
Total liabilities held for sale	$	1,187